Fox News' Payout To Bill O'Reilly Is Reportedly $25 Million

CNN has reported that ousted Fox News host Bill O'Reilly will be paid millions upon his exit from the company. According to the CNN report, a source close to the severance proceedings said O'Reilly's payout is "a staggering amount." Three independent (and anonymous) sources reportedly declined to name the exact sum of the payout, but did say that O'Reilly signed a contract just prior to his exit from the network — a contract worth $25 million a year. The sources said that the contract was set to continue through the 2020 presidential election, but that O'Reilly will not be paid the full sum of that contract.

Bustle has reached out to 21st Century Fox, Fox News' parent company, regarding this reported sum. CNN also reported that they'd reached out to 21st Century Fox and O'Reilly representatives without response. CNN reporter Brian Stelter, who broke this story, noted in his piece that both sides are limited by confidentiality agreements.

While these reports are making waves online, the sources remain anonymous, which is likely due to confidentiality and job security concerns. As of press time, neither O'Reilly nor representatives from Fox News' parent company have confirmed or denied the alleged payout and its sum.

By ratings standards, Bill O'Reilly is one of the most accomplished TV personalities in the history of cable news. In fact, his success by any measure is indisputable. Fox News has demonstrated again and again the strength of its talent bench. We have full confidence that the network will continue to be a powerhouse in cable news.